First Graphene Cuts Net Loss by 13% Despite 5% Revenue Dip in FY25
First Graphene Limited reported a 13% reduction in net loss for FY25 alongside steady revenue and expanding commercial demand for its PureGRAPH products.
- Revenue declined slightly by 5% to $468,000
- Net loss improved by 13% to $5.48 million
- Operating loss from continuing operations reduced by 11%
- Voluntary deregistration of 2D Fluidics Pty Ltd subsidiary
- Strong sales pipeline and disciplined cash management planned for FY26
Financial Performance Overview
First Graphene Limited (ASX – FGR) has released its preliminary financial results for the year ended 30 June 2025, showing signs of cautious progress in a challenging market. The company reported a slight 5% decrease in revenue to $468,397, reflecting delays in client product launches but offset by growing demand for its flagship PureGRAPH® graphene products.
Importantly, First Graphene narrowed its net loss by 13% to $5.48 million, an improvement from the $6.33 million loss recorded in the prior year. Operating losses from continuing operations also improved by 11%, signaling better cost control and operational efficiencies despite ongoing investment in research and development.
Operational Highlights and Strategic Moves
The company’s commercial traction with PureGRAPH® continues to build, with increased uptake among existing clients and early revenue contributions from distributor channels. This momentum is critical as First Graphene seeks to solidify its position in the global graphene manufacturing industry.
During the year, First Graphene voluntarily deregistered its 66.67% owned subsidiary, 2D Fluidics Pty Ltd, after determining its technology was commercially unfeasible. The minority shareholders were compensated accordingly, and the deregistration was completed post year-end. This move reflects a strategic focus on core competencies and resource allocation.
Balance Sheet and Cash Flow Management
The company ended the year with cash and cash equivalents of $2.61 million, down from $3.16 million the previous year, reflecting ongoing investment and operating cash outflows. Operating cash outflows improved slightly by 3%, underscoring disciplined cash management efforts.
First Graphene’s net tangible assets per share increased to 0.74 cents, up from 0.59 cents, indicating a modest strengthening of the balance sheet. The company continues to rely on equity funding to support its operations, with a recent share placement raising $2.39 million and further equity issued post year-end.
Outlook and Market Positioning
Looking ahead, First Graphene is optimistic about its sales pipeline for FY26, supported by ongoing project services and grant-funded programs. The company emphasizes continued disciplined cash management and operational improvements to approach cashflow breakeven.
While the financial report is preliminary and subject to audit, the company’s strategic focus on PureGRAPH® and core graphene production positions it well to capitalize on growing market demand for advanced materials.
Bottom Line?
First Graphene’s FY25 results mark a step toward financial stability, but future success hinges on execution and funding.
Questions in the middle?
- How will First Graphene accelerate revenue growth amid delayed client product launches?
- What are the implications of the 2D Fluidics deregistration for future technology investments?
- Can the company achieve cashflow breakeven in FY26 given current funding and cost structures?
